BATON ROUGE, LA – Legislation that will generate more dollars for the state’s colleges and universities sailed through the Louisiana House Monday on unanimous votes, according to State Treasurer John Kennedy.

“The House passed important reform legislation. House Bill 376 will take money away from community organizations and out-of-state consultants that are wasting precious federal dollars on luxury cars, fine dining and vacations. House Bill 30 will reduce consulting contracts,” said Treasurer Kennedy. “Both bills will generate money for higher education.”

The House voted 99-0 in favor of HB376. The legislation gives higher education the first right of refusal on grants paid for with federal dollars. Currently, these dollars are awarded to nongovernmental organizations, or NGOs, with little oversight.

The House voted 97-0 in favor of House Bill 30. The legislation requires consulting contracts totaling $40,000 or more to go before the Joint Legislative Committee on the Budget for approval. Savings from rejected contracts will go to higher education.

Both bills now move to the Senate for consideration.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us